- Shares of BlackLine have sunk nearly 20% this year despite strong results.
- In the company's most recent Q2 earnings release, BlackLine delivered >20% y/y revenue growth alongside significant cash flow expansion.
- Customer metrics were also healthy, showing continued upsell success and over 100 new customers added in the quarter.
- BlackLine's niche makes it a very attractive software vendor to invest in, especially for future takeover potential.
- The stock is trading relatively modestly at ~12x next year's revenue.
For further details see:
BlackLine: A Steady Ship